There are various types of financial institutions depending upon the services they offer like Banks, Credit Unions, Insurance Companies, Savings and Loan Associations, Finance Companies, Trust Companies and Mortgage Companies. On the basis of their assets and liabilities financial institutions are classified into three categories. First category of financial institutions include Depository institutions … Read more

There are basically two types of Financial Institutions with respect to the Government; those that fall under direct state authority and those that are private. Another basis of classification would be based on the institutions that are mainly involved in traditional banking activities related to deposits and the issuance of loans and those that are … Read more